But knowing its value is key for taxes.IMPROVEMENT VALUE:This is the value of all the upgrades you make to your property – like a new roof or an updated kitchen.These improvements can be depreciated, which means tax savings for you.3115:Filing this form can allow you to claim missed depreciation from past years.Basically you are letting the IRS know that you are moving from the standard deduction to an accelerated deduction.RECAPTURE:It's payback time!

That’s where having some real guidance makes all the difference.

A DSCR loan is going to be your best bet.Rule of thumb, 80% LTV with a decent fico score all day long.You can close in an LLC.Hope that helped!

So I have a few members of our REIA who bought into his online store scheme, anyone else out $40,000 with no one responding at all these days.

Then there are others that are great at accounting, but that's all they do.

@Ryan A Shumaker  All the packages mentioned above are good options if you are doing just a deal or two but if you plan to do multiple deals over the next few years, you may want to look at customizable funds provided by Avestor that combine the best attributes of funds and individual syndication deals. 

Despite all the headaches, I managed to sell it for a $300,000 profit.So what did I learn?

Any & all advice welcome!

Thank you all kindly!

I am going to install quickset locks and they are all metered separately but looking for functional tips during the rehab process that might make our lives easier in the future and management tips.